There is no power in the court to make any arrangement which will result in the preference of one set of creditors over others of the same class.
Citations:
Times 20-Nov-1997
Statutes:
Jurisdiction:
England and Wales
Cited by:
Appeal from – In re Buckingham International Plc and In the Matter of Insolvency Act 1986; Mitchell v Buckingham International Plc CA 16-Feb-1998
. .
Cited – LB Holdings Intermediate 2 Ltd, The Joint Administrators of v Lehman Brothers International (Europe), The Joint Administrators of and Others SC 17-May-2017
In the course of the insolvent administration of the bank, substantial additional sums were received. Parties appealed against some orders made on the application to court for directions as to what was to be done with the surplus.
Held: The . .
Lists of cited by and citing cases may be incomplete.
Insolvency
Updated: 03 August 2022; Ref: scu.81762